PCP on watches
Discussion
k - how stupid are some people?
The thing is, someone like Watchfinder could probably bring this in and there's a good chance it would be successful.
Put £500 down on a Sub no date, borrowing £6.5k (grey prices) over 3 years at 6%.
Balloon of £3k would work out to £120 a month by my maths.
Not saying it's a good idea!
Put £500 down on a Sub no date, borrowing £6.5k (grey prices) over 3 years at 6%.
Balloon of £3k would work out to £120 a month by my maths.
Not saying it's a good idea!
dazmanultra said:
The thing is, someone like Watchfinder could probably bring this in and there's a good chance it would be successful.
Put £500 down on a Sub no date, borrowing £6.5k (grey prices) over 3 years at 6%.
Balloon of £3k would work out to £120 a month by my maths.
Not saying it's a good idea!
It probably would work, but dragging people into large amounts of debt for extravagant items is irresponsible. Put £500 down on a Sub no date, borrowing £6.5k (grey prices) over 3 years at 6%.
Balloon of £3k would work out to £120 a month by my maths.
Not saying it's a good idea!
I'd also guess that at the end of the 3 years there will be lots of damaged, lost and stolen watches. Missing people and untraceable watches too.
Over £4500 to rent a watch for 3 years sounds crazy to me.
Mandat said:
Driver101 said:
Over £4500 to rent a watch for 3 years sounds crazy to me.
Not if you complete the purchase.If you need to buy a watch on a PCP agreement, and pay a good amount of interest, the real reason you've gone down that route is you couldn't afford it in the first place. Like cars I doubt many people have the balloon payment to settle the debt at the end either.
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